Trudeau gives grocery chains deadline to lower prices

The war of words between Ottawa and the grocery industry heated up again yesterday, with Prime Minister Justin Trudeau giving the big five grocery chains until Thanksgiving to come up with “a plan” to lower prices.

“Large grocery chains are making record profits. Those profits should not be made on the backs of people who are struggling to feed their families,” Trudeau said in London, Ont.

The Retail Council of Canada issued a statement asserting that discussions of price controls “time and again fail to look below the surface to the true cause of rising grocery prices,” which it pins on higher costs throughout the supply chain.